Wireless Age Communications, Inc.
OTC Bulletin Board : WLSA

Wireless Age Communications, Inc.

November 21, 2007 17:34 ET

John Simmonds Acquires Additional Wireless Age Shares

TORONTO, ONTARIO--(Marketwire - Nov. 21, 2007) - Wireless Age Communications, Inc. (OTCBB:WLSA) ("Wireless Age" or the "Company") a leader in the Canadian telecommunications industry, announced today that its Chairman and CEO, John Simmonds has purchased 275,000 shares in the market this week.

The average price for the shares was approximately $0.184 per share.

Mr. Simmonds commented, "I believe that the company's stock is a strong buy at the current levels. We believe our current market capitalization is well below where is should be based on our current level of earnings. We have just completed the most profitable quarter in the companies' history and sales are running at record levels. We closed our acquisition of Selkirk MTS Connect and our revenues of it are ahead of budget already in our first month of operation.

Note: This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings.

Contact Information

  • Wireless Age Communications, Inc.
    John G. Simmonds
    Chairman & CEO
    (905) 833-2753 ext. 223